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United Bank Bets Big on The Home Depot Amid Revenue Surge

Guavy AI Editorial Team
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United Bank has invested in The Home Depot, Inc., purchasing 3,394 shares valued at approximately $1.2 million in the second quarter, according to a recent SEC filing.

This is not United Bank's first foray into Home Depot; several other institutional investors and hedge funds have also increased their stakes in the company during the same period.

The Home Depot has seen significant growth in its revenue, with a 5.7% year-over-year increase to $47.86 billion in its fiscal second quarter, exceeding analyst estimates.

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